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Fred Glick from Glick Watch discusses real estate management and highlights the three main parts of the rental cycle: showing the property, renting it out, and turning it over when someone moves. He emphasizes the importance of having a rental application, lease agreement, and move in/move out form. Glick stresses the need for everyone over 18 intending to live in the property to apply, provide valid ID, and undergo credit and background checks to comply with federal, state, and local laws.